This company is bad news. I'm in the commercial lending game and for years I've lost customers to these guys simply because they had ZERO hurdles for lending. It continued to amaze me that leads we were given on customers who didn't have two cents to rub together were funded by Silverchef and closed down 6 months later. Dealers have a love/hate relationship with Silverchef because of their HUGE warehouse of nearly new gear. If they introduce a customer to Silverchef there is a real danger that SIV will switch the customer on to a second-hand piece of equipment in their warehouse instead. I am getting multiple calls a weak from dealers keen to future proof their finance offering when the inevitable occurs and SIV goes under. Writing is on the wall, the roof and the front door. This company will be worth nothing more than the equipment it holds. And on the day it is announced, my coffee will be ever-so-slightly less bitter.
SIV Price at posting:
$1.15 Sentiment: Sell Disclosure: Not Held
